JPMorgan analysts rate Circle shares underweight with $80 price target, citing competition and regulations.
From Cointelegraph
June 30, 2025 07:42:00 AM:
JPMorgan analysts rate Circle (CRCL) shares underweight with a $80 price target by December 2026, down 55% from the current price of $180. The forecast is based on a 45x multiple of projected 2027 earnings per share (EPS) plus a $10 premium for upside potential.
Circle is valued at $43.8 billion, growing from an $8 billion market cap after CRCL shares started trading on the NYSE in June. The company is the 497th largest worldwide by market capitalization.
Competition poses a threat to Circle’s market value, with potential risks from direct stablecoin competitors, tokenized deposit accounts, and digital money market funds. CRCL shares dropped 15.5% Friday after peaking above $290 in mid-June.
JPMorgan highlights risks from US stablecoin regulations, which may require issuers like Circle to hold equity capital based on stablecoins in circulation. The development of CBDCs could also impact Circle’s global expansion and long-term growth and profitability.
Read more at Cointelegraph.com
1. Bitcoin hits new all-time high of $64,863, surpassing previous record set in April. Market cap reaches $1.2 trillion as demand surges, fueled by institutional investors and positive sentiment.
2. Ethereum price spikes to $2,491, nearing all-time high. Network activity surges with decentralized finance (DeFi) applications and non-fungible tokens (NFTs) driving demand.
3. Dogecoin price soars 30% after Elon Musk tweets support for the cryptocurrency. Market cap surpasses $50 billion as retail investors flock to the meme coin.
4. Binance Coin (BNB) hits new record high of $637, driven by increased trading volume on Binance exchange. Token sees 20% surge in price within 24 hours.
5. Cardano (ADA) becomes third-largest cryptocurrency by market cap, surpassing Binance Coin. ADA price surges to $1.56, fueled by upcoming smart contract capabilities and network upgrades.: JPMorgan Initiates Circle Coverage With Underweight Rating